Hilton Foods Regulatory News (HFG)

5 Nov 2009 07:00



Hilton Food Group plc

INTERIM MANAGEMENT STATEMENT

Hilton Food Group plc, Europe's leading specialist retail packing business, is today releasing its Interim Management Statement for the period from 13 July 2009 to date, in accordance with the UK Listing Authority's Disclosure and Transparency Rules. 

Whilst the economic conditions remain challenging, our trading performance has been similar to the trends we saw in the first half of the year. We have continued to grow the business, in particular in Central Europe, as well as Holland and Ireland with turnover also benefitting from the impact of favourable currency translation. The Group's financial position remains strong and there have been no significant changes to this position since the publication of the Half Year report.

Recent strategic initiatives have continued to perform well.  Volumes continue to build at the bacon and sausage business in Ireland and for the spreadables meat project in Holland, which has started well. Our facility in Poland supplying products in Central Europe is progressing well, resulting in strong volume growth.  As stated in the Half Year report, we are now exporting products to Latvia, and, also from our Polish facility, we have commenced the supply of products into Lithuania.

Overall we continue to make good progress across our business and we continue to explore opportunities to grow the business in all markets as well as in new geographies.

The Group expects to issue a pre-close trading update on 14 January 2010 and its preliminary results for the 53 week financial year 2009 on 31 March 2010. 

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